Amendment of section 81, - In section 81 of the Principal Act,-

(i) after sub-section (1), the following new sub-sections (1A), (IB) and (IC) shall be inserted, namely,- “(1A) A Primary Agricultural Co-operative Credit Society shall get its accounts audited at least once ineach yearby an auditor or a Chartered Accountant appointed by its Committee from the panel approved by the Registrar. : (IB) Notwithstanding anything contained in sub-section (1), the accounts of the State . Co-operative Bank shall be audited and certified by the Chartered Accountant appointed by its Committee from the panel approved by the National Bank or the State Government. S12 (1C) The Registrar shall get conducted a special audit of the State Co-operative Bank on the request of the Reserve Bank or the State Government in the manner and form stipulated by the Reserve Bank or the State Government and shall endorse a copy of the report of such special audit to the Reserve Bank and the State Government within the • time stipulated by the Reserve Bank or the State Government.”; (ii} in sub-section (2), in between the words “The audit” and “under the forgoing”, the words “or special audit” shall be inserted; (iii) in sub-section (3), in between the words “or the person” and “authorized shall”, the words “or the Chartered Accountant” shall be inserted; (iv) in sub-section (4), in between the words “or the person” and authorize by him”, the words “or the Chartered Accountant” shall be inserted; (v) in sub-section (5), in between the words “The auditor appointed und sub-section (1)” and “shall have the right”, the figures and words “or sub-sections (1A), (1B) and (1C)” shail . be inserted.